Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 82.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,028 shares of the real estate investment trust's stock after selling 41,794 shares during the quarter. SG Americas Securities LLC's holdings in Rexford Industrial Realty were worth $454,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV increased its stake in Rexford Industrial Realty by 169.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 349 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Rexford Industrial Realty in the 2nd quarter valued at $26,000. Headlands Technologies LLC purchased a new position in Rexford Industrial Realty in the 2nd quarter worth $41,000. EverSource Wealth Advisors LLC lifted its position in Rexford Industrial Realty by 1,252.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 864 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Rexford Industrial Realty by 136.6% during the 1st quarter. Advisors Asset Management Inc. now owns 1,086 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 627 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rexford Industrial Realty

In related news, CFO Laura E. Clark sold 14,185 shares of Rexford Industrial Realty stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total value of $711,377.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Howard Schwimmer sold 30,358 shares of the firm's stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $48.86, for a total transaction of $1,483,291.88. Following the completion of the sale, the chief executive officer now owns 50,673 shares in the company, valued at $2,475,882.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Laura E. Clark sold 14,185 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total transaction of $711,377.75. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

REXR has been the subject of several research analyst reports. Scotiabank raised their price objective on Rexford Industrial Realty from $51.00 to $55.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 26th. Wells Fargo & Company reduced their price target on shares of Rexford Industrial Realty from $66.00 to $61.00 and set an "overweight" rating for the company in a research report on Wednesday, August 28th. Mizuho dropped their price objective on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Truist Financial raised their target price on shares of Rexford Industrial Realty from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, July 30th. Finally, Evercore ISI upped their price target on shares of Rexford Industrial Realty from $57.00 to $58.00 and gave the company an "outperform" rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Rexford Industrial Realty presently has a consensus rating of "Hold" and an average price target of $52.50.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock traded down $4.45 on Thursday, hitting $44.96. The company's stock had a trading volume of 5,468,419 shares, compared to its average volume of 1,697,044. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 42.98, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Rexford Industrial Realty, Inc. has a 1 year low of $41.56 and a 1 year high of $58.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a fifty day moving average price of $50.07 and a 200-day moving average price of $47.38.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a net margin of 30.71% and a return on equity of 3.31%. The business had revenue of $241.84 million during the quarter, compared to analysts' expectations of $235.81 million. During the same quarter last year, the firm earned $0.56 earnings per share. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.4175 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 annualized dividend and a dividend yield of 3.71%. Rexford Industrial Realty's dividend payout ratio (DPR) is 153.21%.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.